Weekly Publications

WPB Week #12/18, 19 - 23 March 2018

it.assistant@ipcnet.org 23 Mar 2018 29

In the last two weeks pepper prices in Viet Nam decreased almost daily. This was likely due to pepper harvest in this country has reach peak season and arrival has started increasing. Activity however is not brisk, as producers not interested to eagerly release the material under this prevailing low price. During the week, local price of black pepper decreased from VND 54,500 per Kg at beginning of the week to VND 51,500 on Wednesday then moved up marginally to VND 52,500 per Kg at the week's close. Local price of white pepper decreased from VND 92,500 to VND 87,500 at the week's close. On an average, price in Viet Nam decreased by around 8% from last week's average. In Indonesia, the price of black pepper in Lampung and white pepper in Bangka also decreased by around 5%. Activity however was very limited. New material from upcoming crop is only expected to arrive in July/August. Current price decrease was likely influenced by development occurred in Viet Nam and Brazil. At Kochi local price on Monday 19 March 2018 opened at INR 380 per Kg, increased from INR 376 at the last week's close. The price then decrease again to INR 376 per Kg.

IMPORTOF PEPPER BY RUSSIA

Russia is the most important markets for pepper in Eastern Europe which imports around 7,000 Mt annually. In 2017, Russia imported 8,204 Mt, consisting of 7,609 Mt of whole pepper and 595 Mt of ground pepper, recording an increase of 7%. In the last two years, import of Russia shows a continuous increase from 7,700 Mt in 2016 and 6,760 Mt in 2015. Import of whole pepper increased 8% while for ground pepper decreased by 12%. Viet Nam was the main source of pepper for Russia, supplying 70%, followed by India, Indonesia and Sri Lanka which each supplied 9, 7 and 6% respectively.

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